Craig Mccaw Net Worth is$1.5 Billion
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Profession: Businessperson, Investor, Entrepreneur
Date of Birth: Aug 11, 1949
Nicknames: Craig Mccaw
Country: United States of America
Craig McCaw net worth: Craig McCaw is an American businessman with an estimated net worth of $1.5 billion which makes him one of the richest people in Washington. Born in Centralia, Washington, Craig McCaw graduated from Stanford University and decided to focus on rebuilding his family's struggling broadcasting company after finishing school. Using the money from their last remaining cable company, he rebuilt their broadcasting network, and by the 80s, his family's firm was the 20th largest cable carrier in the United States. He also began to invest in the cellular industry in the 80s, and went on to sell portions of MCI to Comcast, and his own cellular company to AT&T. He also pulled Nextel back from the brink of failure, and went on to sell it to Sprint. Each sale was a multi-billion dollar transaction. At one point, he was the highest paid CEO in the United States. He also founded the Clearview Corporation, a national broadband company, in 2004. Craig and Wendy McCaw had one of the most expensive divorces ever when after she received a $460 million settlement.
Craig McCaw (born August 11, 1949 in Centralia, Washington) is a Seattle-area businessman and entrepreneur who achieved success as a pioneer in the cellular phone industry. He is the founder of McCaw Cellular (now part of AT&T Mobility) and Clearwire Corporation.
Craig is the second of four sons of Marion and John Elroy McCaw. McCaw's father was a broadcasting magnate. He was in the business of buying and selling TV and radio stations, which brought in wealth but also incurred significant debts. Elroy entered the cable television business in the 1960s, and his four sons worked as linemen and door-to-door salesmen.
When Elroy died, the only company not sold to repay the debt was the small Centralia cable company with estimated 2,000 to 4,000 subscribers, which was in trust. During his senior year at Stanford, Craig took the helm of the cable company and set out to rebuild his family name. He used the cash flows from his growing cable company to purchase other remote cable companies, resulting in a profitable conglomerate. By the 1980s, McCaw Cablevision was the 20th largest cable carrier in the United States.
When the FCC held a lottery for cellular licenses in the early 1980s, many ordinary Americans got rich by winning the right to establish cellular systems in cities across America. In addition to entering the lottery himself, McCaw approached many other lottery winners and bought their cellular rights, which were already considered to be undervalued. Using the same tactic he'd used in cable TV, McCaw financed an aggressive cellular expansion by borrowing against and selling shares in the cable operation. Through continued borrowing and smart management of only the most useful licenses, this wireless land grab put McCaw's operation in the position of a competitive nationwide cellular carrier before the incumbent landline telephone industry took serious notice of the field.
After acquiring MCI's cellular wing in 1986, the McCaw brothers sold the cable c

Craig Mccaw Latest News

Is Craig McCaw Short of Cash?

It wouldn’t be the first time that Craig McCaw needed cash at the bottom of a cycle on one of his investments. Years ago some ill -timed collars on his Nextel position were forced to be sold near the bottom in that stock. On the other hand, his honchos ...
Posted: April 27, 2011, 10:15 pm

A Half Dozen More Things I’ve Learned from Bill Gurley about Investing

As fate would have it, I was sent by Craig McCaw to spend time with Benchmark Capital not soon after Gurley arrived as a partner. It was the late 1990s, the Internet bubble was in full swing and mobile was thought to be “the next big thing” in Silicon ...
Posted: October 14, 2016, 9:59 pm

Billionaires Craig and Susan McCaw lists their private island for $75 million

What do Bill Gates, Leonardo Dicaprio, Richard Branson, Eddie Murphy and Craig McCaw have in common? They all are uber rich, stay in America and own an island. While the first four people named here have found place in our list of most expensive celebrity ...
Posted: June 3, 2012, 3:34 am
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